A Big Threat to Brokerage Firms

These days, frauds and scams are observably rampant. In business, on the Internet, in the bank and any entity where money may be extracted. Brokerage firms and hedge funds never escaped this reality and these firms too are very susceptible to frauds and this fact is considered as a big threat upon the health of the financial market. Hedge funds are currently among the most popular or hottest type of investment prospects in the stock market these days.This type of investment â€Å"have been very prominent in the financial news, attracting a lot of attention from investors, brokerage firms, the Securities and Exchange Commission or SEC† (Evans, Atkinson, and Cho 2005) Brokerage firms on the other hand have investment advisors and stockbrokers which are pack with information needed to be relayed to the investors. In this manner, if they are having plans to defraud and manipulate the information they have, which is a very unethical act, they actually can.The aforementioned hedge f unds and brokerage are very susceptible to fraud caused by unsuitable investments. These unsuitable investments happen when the representative broker of the firm make misrepresentations of the investment to a customer or if this broker agent fall short in disclosing â€Å"to the customer all of the material facts about the investment† (Stoneman and Schulz) In short, this is a fraud, which, the common people also identify as a lie.Fraud is either lying or omitting something and according to the SEC, under Rule 10 (b) (5), employing any scheme, artifice or device defrauding someone or some entity constitute fraud or making untrue statements of material fact making the statement made, in light of the circumstances under which they were made, not misleading is another way to defraud. Moreover, engaging in any act, practice or course of business which operate or would operate as a fraud or deceit upon any person or entity in connection with any purchase or sale of any security.Eve n though wealthy investors in the hedge funds consider the occurrence of fraud to be insignificant, it is currently happening â€Å"too often to be ignored† (Guarding Against 2005) In fact for the past five years prior March 2005, there were already a total of fifty-one (51) fraudulent hedge fund cases with investor losses of approximately $ 5. 1 billion. One very popular type fraud in hedge funds was invented as early as 1919 called the Ponzi Scheme after Carlo Ponzi who first utilized this method.With this type fraud, the fund manager maintains the fiction that the fund is performing very well and is generating returns while it encourages new investor to invest and using their investments to pay off those earlier investors at a higher rate rather than investing the amount. On the side of the brokerage firms, they are the ones leaking the information to investors leading to fraud. In fact, the SEC alleged that brokerage firms recruited new investors for hedge funds from thei r clients (a technique known as â€Å"capital introductions.† (Evans, Atkinson, and Cho 2005) General fraudulent brokerage firm practices include stock marker manipulation to benefit a certain individual or entity; utilizing phony accounts in trading in the stock market; trading without the public’s information; doing trades that are unauthorized; refusing to customers’ sell orders; and falsifying firm’s records. Furthermore, more defined types of brokerage fraud (Brokerage Fraud, 2008) include (1) biased investment advice; (2) unfounded advice; (3) contradictory investment advice; (4) continuing a risk; and (5) conflict of interest.Each of these five portrays manipulation by the firm, taking its advantage as the advisor in influencing the decision of the customer in an unorthodox manner. As early as 2004 the SEC has been requiring brokerage firms to present relevant information stating the ways on how they help the hedge funds recruit new investors in or der to prevent fraudulent fund raising. The SEC is also investigating selected cases to draw information from them and from which hedge funds might have used insider information to their ends and thereby gaining profit.This is especially true on initial public offerings (IPOs) This is according an article entitled Guarding Against Hedge Fund Fraud issue number 3 of the Trusting the Independent Financial Advisor Journal. The SEC advices the brokerage firm in order for them to stay within the rules and will not be penalized. This advice includes (1) fair dealing; (2) best execution; (3) customer confirmation rule; and (4) disclosure of credit terms. These general rules are embedded in the SEC’s Compliance Guide to the Registration and Regulation of Brokers and Dealers.Simply stated, the SEC and the American government in general do not want to have another Merrill Lynch, Salomon Smith Barney, Morgan Stanley or Bear Sterns deceiving the public. . Works Cited Evans, Thomas G. , S tan Atkinson, and Charles H. Cho. 2005. Hedge Fund Investing: Current Advice for Financial Advisers and Planners. Journal of Accountancy 199, no. 2: 52+. Morgenson, Gretchen. â€Å"Brokerage Firm Is Indicted In Fraud Case. † The New York Times, July 9, 1999, from .National Legal News â€Å"Brokerage Fraud. † 2008 from . Stoneman, Tracy P. and Douglas J. Schulz. 2002. California: Kaplan Business Publishers The Securities and Exchange Commission. â€Å"Litigation Briefs. †2008 from . . Trusting the Independent Financial Advisor Journal. â€Å"Guarding Against Hedge Fund Fraud† issue number 3. March 2005, Switzerland: Roland Ray.

Why Nobody Is Discussing Uga Essay Samples

Why Nobody Is Discussing Uga Essay Samples The Argument About Uga Essay Samples Keep reading for a discussion of the various ways that this essay meets the requirements for an ideal score. Nowadays you know what it requires to receive an ideal essay score. Reflective essays are personal parts of the writer that they've translated into words. These seven sample essays respond to a selection of thought-provoking questions. Fantastic words to utilize in an important essay macbeth essay help that's conflict. Simple methods to come up with and compose an essay that's analytic. Whether you must create a paper of one-of-a-kind flawlessness, just purchase an essay here and our writers will provide help. For more information concerning the different rubrics for the various essay tasks, read our articles about how to compose perfect-scoring GRE Issue and Argument essays. Getting the Best Uga Essay Samples Professor Mitchell obtained a grant to have a category of students to Belgium to be able to study the EU. Along with just science, I'm drawn to State University for different explanations. Thus, State University isn't only the ideal location for me, it is the sole spot for me. On top of its growing cultural and ethnic diversity, it is becoming a master at creating a niche for every student. The Honest to Goodness Truth on Uga Essay Samples Though there have been complaints, we don't know if there hav e been numerous complaints from a broad scope of people, or maybe from a couple of individuals who made numerous complaints. Tell what you understand Too many men and women graduate with little if any understanding of the nuts and bolts of the profession or field they aspire to enter. Students should settle on which position they need to take based upon the amount and caliber of the points they're in a position to come up with to support their position. Consult your parents to spell out the rear row to you. It's very beneficial to take writing apart to be able to see just the way that it accomplishes its objectives. Do not become stuck with material possessions and what you've achieved in life. This way that you do not risk your money because you can ascertain the price before finalizing your buy. Let's look at a good example. Now things started to get really intriguing. The author starts with a rather in depth story of an event or description of an individual or place. R emain true to the theme, and you'll get a coherent piece that will get you a fantastic grade. Clearly, understanding how to clean burning oil isn't high on the list of things every 9-year-old should know. Definitions of Uga Essay Samples All you will need is to request research paper help written by means of a specialist in your academic field. Students need to have a high amount of discipline to get on a uniform because this system of dressing does not permit you to dress in any other fashion or particular style that you want. The best method to determine how to find a high Analytical Writing score is to take a look at a GRE essay sample, but doing so with no guidance can be overwhelming. You should have all sections of the test under control before you demonstrate your skills in their complete entirety. The 30-Second Trick for Uga Essay Samples You'll be surrounded by writing professionals throughout the plan of order placement, and when you choose to purchase essay and sel ect an allocated writer, things are likely to get even more exciting. Just type here write my essay to acquire our hand of assistance. You are able to then practice replicating successful connections between ideas in your practice essays. When there are two or three minor errors within this excerpt (prehistorical should be prehistoric, completely free thinking ought to be free-thinking), they don't significantly alter the significance of the author's words and thus don't detract from the general effectiveness of the author's language. Your desire to be an attorney, engineer, or whatever should be logical, the consequence of certain experience that's described in your statement. You only have to share an experience. This example proves that even for an engineer with years of experience within the field, the basics of private essay writing remain the exact same. Steer clear of often-repeated statements. Key Pieces of Uga Essay Samples Adoption is an alternate solution. Men and women have a tendency to select a variety of themes of who they are and attempt to describe all of them. Adult obesity may be caused by lots of issues like the essence of life led by the sampled members. Adults are again accountable for the evolution of this trend since they should be the principal supply of direction. Some of the absolute most essential things in life can't be purchased with money, including, friendship, love, knowledge, honestly, spirituality. At times, the best method to learn and understand new information is via seeing and understanding work which is already completed. Ultimately, the detail of real speech makes the scene pop. All words must be counted. Uga Essay Samples Help! Adoption is a solution There are several childless couples who'd be eager to supply a nice and stable home for an unwanted baby. In order to modify the state of the country, it's critical that the state policy makers have to tackle the five issues. To conclude, abstaining from sex is a safe method of managing abortion. The majority of the reasons cited for the greater obesity is the large adoption of poor living styles.

The Irrationality of the Lovers in Shakespeares Romeo and...

In the play Romeo and Juliet ,by Shakespeare we are constantly bombarded with different meanings of words, contrasts, and characters who are quite irrational. They wish things upon themselves, and when they happen, are astonished. This piece of literature is filled with situations where the character intends one thing to happen, but his results are completely different. Throughout the following paragraphs the reader is to decide if the examples shown display opposite results from the original plan. In the beginning of the play we are introduced to two characters, Sampson and Gregory. Itching for a fight, they believe they have as much responsibility to defend the name Capulet as their masters do. The quarrel is between†¦show more content†¦This particular contrast is a good resemblance of people and society in general. We are forever bickering with people we claim to be our enemies. We like to decide whom to hate, but hate to pay for the aftermath if it isnt in our favor. When someone we declare our enemy crosses our path, its natural to try and get a punch in. This gives some sense of satisfaction. Try to resist from this, you will benefit. During some of part one, and two, we slowly learn about Romeo and his dilemma. He has fallen in love with beautiful Rosaline and all of his heart is crying out to her. He vows to never see a beauty as fair as her, and complains about the rudeness and pain of love. He allows himself to go to the party with Mercutio and his friends, but remarks he wont have a good time. Ill go along, no such sight to be shown, But to rejoice in a splendor of mine own. That is until he sees Juliet. Instantly he forgets all of his lamenting for Rosaline love, and proclaims Juliet is the most beautiful thing he has ever seen. O! she doth teach the torches to burn bright. It seems she hangs on the cheek of night, like a rich jewel in an Ethiops ear; Beauty too rich for use, for earth too dear! So shows a snowy dove trooping with crows, As yonder lady oer her fellows shows. The measure done, Ill watch her place of stand, And, touching hers, make blessed my rude hand. Did my heart love till now? forswear it , sight! For I neer saw true beauty till this night. WeShow MoreRelatedMidsummer Nights Dream-- Rationality vs. Irrationality Essay1133 Words   |  5 PagesSociety today encourages rationality in nearly every situation. That being said, irrational behavior is tolerated today as much as it was in the time of Shakespeare’s Midsummer Night’s Dream. One does not have to go far to realize this fact – consider the reality television shows today (ex. Jersey Shore, Keeping Up with the Kardashians, The Bachelor, etc.) The reason behind the popularity of these ridiculous shows is quite simple: people find entertainment in watching others make fools out of themselvesRead MoreRomeo And Juliet Argumentative Essay756 Words   |  4 PagesRomeo and Juliet Argumentative Essay William Shakespeare’s Romeo and Juliet is set in 16th century Verona, Italy. A play that relays the story of two young lovers whose ill-fated deaths end an ancient family feud. The two lovers, Romeo and Juliet, come from families who disapprove of their love. Their situation complicates as the play progresses, with an arranged marriage and several deaths. Romeo and Juliet both fall to the consequences of their secret marriage. Even from the beginning, theirRead MoreRomeo And Juliet Failure Essay1230 Words   |  5 Pagesmany others, Romeo and Juliet fell in love accidentally. Romeo’s love for Rosaline was soon dismissed with the introduction of his counterpart in the play, Juliet. As can perhaps be expected with any great tragedy, their love failed. While many reasons exist for this failure, including fate, young age and a lack of sufficient rationality, their counselor, Friar Lawrence, also played a key role in their love’s failure. Without sufficient foresi ght and logical thinking, Romeo and Juliet became victimsRead MoreWilliam Shakespeare s Romeo And Juliet880 Words   |  4 Pagesfuture with a wealthy partner. In the passage, Capulet rejects this life for Juliet. Firstly, he highlights that her youth means Juliet is â€Å"a stranger in the world†; Shakespeare follows this scene with the Nurse’s description of Juliet’s youth in Act 1, Scene 3, reinforcing the innocence Capulet sees in his daughter, not yet â€Å"ripe† for marriage. 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The tragic hero’s fatal flaws inevitably lead to negative consequences in his life. The character of Romeo, the tragic hero[1] of William Shakespeare’s cautionary tragedy Romeo and Juliet, contains three key fatal flaws that condemn him and others to death. Through employing the dramatic techniques of meaningful dialogue, soliloquy, narrative structure, and characterisation, Shakespeare privilegesRead MoreTybalt in William Shakespeares Romeo and Juliet Essays1169 Words   |  5 PagesTybalt in William Shakespeares Romeo and Juliet In the play Romeo and Juliet by William Shakespeare, Tybalt, the nephew of Capulets wife (hence Juliets cousin) is very close to the Capulet family and will therefore do anything to protect the family pride. Tybalt thinks that the Montagues are the canker of Verona ; he deems their mere presence in Capulet company to be a personal insult on the latters family honourRead MoreWilliam Shakespeare s Romeo And Juliet2547 Words   |  11 Pagesin William Shakespeare’s Romeo and Juliet. In this story, two young lovers from Verona are deprived of that opportunity from the moment they meet; instead, they are forced to head down a path that ultimately leads to their devastating deaths. Many critics argue about who/ what is the true cause of the lovers’ tragic ends, the possibilities revolving around Friar Lawrence, Mercutio and Tybalt, Juliet’s Nurse, politics during the Elizabethan Era, the Prince of Verona, Paris, the lovers’ parents, andRead More The Nature of Love Explored in A Midsummer Nights Dream1563 Words   |  7 Pages(Shakespeare I.i.136). Although the play A Midsummer Night’s Dream certainly deals with the difficulty of romance, it is not considered a true love story like Romeo and Juliet. Shakespeare, as he unfolds the story, intentionall y distances the audience from the emotions of the characters so he can caricature the anguish and burdens endured by the lovers. Through his masterful use of figurative language, Shakespeare examines the theme of the capricious and irrational nature of love. As the play opens

The Not So Great Gatsby Essay - 1425 Words

The Superficial Gatsby nbsp;nbsp;nbsp;nbsp;nbsp;In the novel entitled The Great Gatsby by F Scott Fitzgerald, Jay Gatsby is at times made out to be better than us. At first glance he is sophisticated, using big words and claiming that he is an Oxford man.; But when we look closer we can easily see that this man is a farce. Much of this man has been shrouded in mystery. We know very little about his past until later in the book. We dont know where he was born, who his parents are, or where all of his money came from. He frequently disappears form Nicks view seemingly without a trace. All of these things make him out to be somebody of real importance but by looking closely we can gather an abundance of evidence to the contrary.†¦show more content†¦She turned out to be a contemptible person who only used to love him but lacked the strength of character to tell him that. In chapter seven Daisy tells Tom that she never loved him but she ends up ditching Gatsby for him. She is too easily pushed around by Tom. If she had told him that earlier maybe he would have listened to her and done something else with his life. He has the potential to be very great. He had the character traits of a good leader. He was very charismatic, and thought things out carefully before jumping into them. We know he could have been a good leader because of his experience in the army. nbsp;nbsp;nbsp;nbsp;nbsp;If hed lived on hed have been a great man. A man like James J. Hill. Hed of nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;helped build nbsp;nbsp;nbsp;nbsp;nbsp;up the country;(176). But when he really thought that he could get at Daisy, he went after her and in the process changed some lives but not necessarily for the better. Daisy will never forget what Gatsby did for her in taking the blame for Myrtles death. Nick found out that perhaps it is impossible to achieve that American dream. nbsp;nbsp;nbsp;nbsp;nbsp;There are a lot of places where Gatsby could be considered a great man. In chapter three we find out that he throws parties for people he does not even know on a regular basis. He gives them food and wine and something that will make theirShow MoreRelatedAspirations And Greatness : F. Scott Fitzgerald s The Great Gatsby 1436 Words   |  6 PagesAspirations and Greatness; The Case of Jay Gatsby Dedication and tenacity are examples of attributes that allow one to accomplish a societal label for effort shown towards attaining goals and dreams. Through his work The Great Gatsby, F.Scott Fitzgerald used the protagonist, Jay Gatsby, to demonstrate the American Dream and greatness. Gatsby was a mysterious character, commonly mistaken as a mere criminal; but actually, he was a victim of his perseverance and the American Dream. Despite his criminalRead MoreThe Great Gatsby is No Love Story Essay1354 Words   |  6 PagesThe Great Gatsby is No Love Story      Ã‚  Ã‚   Many argue that F. Scott Fitzgeralds The Great Gatsby is an example of the great American love story, but it is not. The Great Gatsby is not a tale about perfect love; it is a tale of love and lust corrupting individuals in their lives, and of an American dream that is never fulfilled. Throughout the story, we follow multiple relationships, but focus is on the single relationship between Gatsby and Daisy. This relationship, however, fails toRead MoreIrony In The Great Gatsby Essay871 Words   |  4 Pagesnovels such as, â€Å"The Great Gatsby,† tackle the subject of â€Å"faking†, which means when a character is pretending to be something or someone that he or she is not. Although, it takes a while or someone from a higher social class.† Quoted from an online source. This progression is important, because it helps make an idea that relates to Gatsby being an illusion as someone who’s generous and mysterious man, but in reality, a weak an d miserable character. In the novel, â€Å"The Great Gatsby†, by Scott FitzgeraldRead MoreThe Great Gatsby by F. Scott Fitzgerald1223 Words   |  5 Pagesbeginning of the novel, Gatsby was recognized as a visionary who was charismatic, courteous, and very secretive. Once the plot began to unravel, the audience yearns for additional and further demand an explanation of the unidentified lifestyle: that everything he had been through in his career as Jay Gatsby had been with the only determination of satisfying the utmost idealistic dreams — to relive his past. Jay Gatsby was in numerous aspects, as the name of the novel advocated, great, but when consideredRead MoreEssay on The Great Gatsby by F. Scott Fitzgerald907 Words   |  4 PagesThe word â€Å"great† has many meanings – outstanding, eminent, grand, important, extraordinary, and noble – that vary with the intent of the speaker and the interpretation of the listener. Someone may perceive som ething as great, while someone else may consider that same thing horrendous. The greatness of a being is not determined by the individual, but by those around them who experience and perceive their greatness through actions and words. In the book The Great Gatsby by F. Scott Fitzgerald, theRead MoreDifference Between Illusion And Reality In The Great Gatsby1024 Words   |  5 Pagesillusion? Fitzgerald shows this with the character Jay Gatsby. It can be hard to tell the difference between illusion and reality because we are so numb to it. Reality television is an ironic name for something so False it is not even close to the everyday life of a normal American, so from the day we’re old enough to watch tv we are exposed to illusion. The title â€Å"The Great Gatsby† is an accurate title for this book because it depicts Gatsby correctly; Magicians are viewed in admiration because ofRead MoreArchetypes In The Great Gatsby Essay950 Words   |  4 Pages Archetypes in The Great Gatsby. While The Great Gatsby by F. Scott Fitzgerald, is widely renowned for being a brand new take on the classic 1920s esque story, The Great Gatsby is very similar to the wonderful ancient works of old. Each character falls into a certain category in the age old temple of literature complete with their own goals and motives. The Great Gatsby is definitely unique in certain aspects and how it plays on the 1920s style of living, but the characters in the novel fit intoRead MoreAffairs, Wealth, and Murder in F. Scott Fitzgeralds The Great Gatsby1545 Words   |  7 PagesIn The Great Gatsby, Fitzgerald tells about affairs, describes wealth, and tells about murder. There are three love affairs. One is Gatsby and Daisy and the other is Tom and Myrtle. 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Scott Fitzgerald1343 Words   |  6 PagesHonors English 10 Shugart 18 Decemeber 2014 The Great Gatsby F. Scott Fitzgerald s 1925 novel The Great Gatsby is a tragic love story, a mystery, and a social commentary on American life. The Great Gatsby is about the lives of four wealthy characters observed by the narrator, Nick Carroway. Throughout the novel a mysterious man named Jay Gatsby throws immaculate parties every Saturday night in hope to impress his lost lover, Daisy Buchanan. Gatsby lives in a mansion on West Egg across from Daisy

Internet Influence on Youth in Egypt and the Arab World Free Essays

? Internet influence on youth in Egypt and the Arab world The Executive Summary The internet is considered as one of the most important and the fastest access to information, and for knowing the latest evolutions in different fields; with a relatively low expense, by comparing it with the other traditional ways, as journals, books and magazines. And with the worldwide increasing diffusion of the internet, and its uses, both, positive and negative, and the appearance of the e-crimes’ era; it became necessary to know the Arab world’s and the Arabic language’s portion from the internet uses, in terms of the number of users, and the bulk of the Arab content on this network, accompanied with the acquaintance of the mechanisms and the ways adopted by the international society, the Arab world, and Egypt in chasing the e-crime and confronting it. This paper aims to discuss the extent of spread of the internet using in Egypt and the Arab world, besides the extent of the e-crimes ‘diffusion in the Egyptian society, and ways of confronting it, in the light of some Arab and foreign countries’ experiments, and also attempting to know the Egyptian youth and the parents’ opinions about the most important positives and negatives of using the internet, trying to put a conception on how can the society confront such negatives and internet crimes. We will write a custom essay sample on Internet Influence on Youth in Egypt and the Arab World or any similar topic only for you Order Now The study was able to know the positive sides for using the internet, which includes the allowance of information in different fields for internet users, and facilitating reading the world news, and communicating with others in non-traditional ways, through chat rooms ? or e-mail, or other modern ways, which was given by the internet to its users, in addition to the possibility of distance education and training, and also distance working through the internet, which broke the barriers between countries. Despite the above-mentioned advantages of the internet, but it’s not void of – as any modernized technology- faults and negatives, which can be divided into absolute negatives, as using the internet in order to inroad upon others and libel them, and also stealing banks and money laundering crimes, and into relative negatives, which damages differ according to the habits of people and societies, and the prevailing norms in it, beside the extravagance in using the websites of songs, games and chatting, which kill time and isolate the individual from his social surrounding. And about the widespread use of the internet in the Arab world, the study concluded that there is a gap in the proportion of internet users in the Arab world, by comparing it to the global level, where internet users in the Arab world are only 1. 4% of the total internet users in the world in 2005, while the Arab population is 5% of the world’s population. In addition to that, the information content on the Internet does not represent more than 1% of the information content on the Internet. The Internet use in Egypt has started in nineties, and the number of users in 1996/1997 was about 75 thousand user. With the establishment of the Ministry of Communications and Information in 1999 and a result of the efforts made in this area, the number of internet users became 4. 4 million in 2004. How to cite Internet Influence on Youth in Egypt and the Arab World, Essay examples

Ratio Analysis & Capital Budgeting Assignment

Question: Describe about ratio analysis capital budgeting. Answer: Ratio analysis: Net profit margin: This ratio is expressed between the net income that has been earned during the period and the sales that have been earned during the stated period. It is arrived at by dividing the net income by sales. Net profit after tax/sales 2.0% -8.4% -24.0% -11.9% The above calculated net profit margin merely shows that the profitability of the company has though changed but still the company needs to work harder so that the company could earn more amounts of profits. The company was earning losses in the initial years under review but is now earning profits. Return on assets: These are the amount of the earnings that have been earned by making an investment of the money in the various assets that have been employed in the business. The efficiency and the effectiveness of the company comes to light during the use of these assets and these are the returns that helps in the generation of the revenues for the company. It is arrived at by dividing the net income by the average of opening as well as the closing balance of the total assets. Net profit after tax/total assets 4.1% -16.6% -51.1% -19.5% The net profit that the company is getting after meeting all its expenses is coming out to be negative which shows either the expenses of the company are more or the sales of the company are too less that it is not able to cover its expenses. Hence, the company must look for the alternatives so that either the sales of the company could increase or the expenses of the company could be reduced. The sales could be increased by the way of offering discounts, advertising its products etc and the expenses could be decreased by the way of eliminating the expenses that are of no use and that are being incurred that are variable in nature. Days of inventory: It is a measure through which the company estimates the number of times the company collects the balance in the accounts receivables account. It is arrived at by dividing the sales by the average of opening and closing accounts receivable. Total assets turnover ratio: It is a measure that helps in ascertaining the extent to which the management is efficient in deploying the assets of the company in order to generate revenues. It is expressed between sales and average assets during a year. It is arrived at by dividing the sales by the average of opening and closing assets. Sales/total assets 2.09 1.98 2.13 1.64 The above shows that the total assets turnover has increased over the time pans but even then there are measures that are required to be undertaken so that the company could improve even more. The net profit that the company is getting after meeting all its expenses is coming out to be negative which shows either the expenses of the company are more or the sales of the company are too less that it is not able to cover its expenses. Hence, the company must look for the alternatives so that either the sales of the company could increase or the expenses of the company could be reduced. The sales could be increased by the way of offering discounts, advertising its products etc and the expenses could be decreased by the way of eliminating the expenses that are of no use and that are being incurred that are variable in nature. Current ratio: Current ratio is the measure that tells us as to what extent the current assets are able to pay off the current liabilities of the company. It is arrived at by dividing the current assets by the current liabilities. Current assets/current liabilities 0.16 0.15 0.26 0.20 The ratio has decreased which shows that the ability of the company to pay off the short term debts has reduced. The company must either pay off its short term debts or improve its inventories etc. it seems that the company is facing a cash crunch, it should either go for a loan or something that could improve its liquidity position. Debt equity ratio: It is a measure to ascertain the extent to which the equity as well as the liabilities of the company is used to finance its assets. It is derived by dividing the total liabilities by shareholders equity of the company. Debt/equity 2.519393513 2.871366629 2.040303615 1.869405535 This shows that the assets of the company have been financed by the equity that belongs to the shareholders which is good since if the assets of the company are financed by funds of the debt holders, then the increased amount of interest has to be paid to them. Equity ratio: The equity ratio is the ratio which is the solvency ratio of the company which this shows that the assets are financed by the owners of the instead of the debt holders. It compares the total equity of the company with the total assets (Accounting course, 2016). Equity/total assets 30.0% 27.5% 34.8% 36.9% The above shows that this ratio has reduced which is not good for the company since it shows that the increased amounts of the assets have been financed using the funds of the debt holders. Earnings per share: This is the amount of the earnings of the company. The formula is to divide the total amounts of the profits by the total number of the ordinary shares that have been issued. Net profit after tax/nos of issued ordinary shares 1.25 (4.75) (54.62) (400.82) The above shows that the earnings per share were negative but now the earnings are positive but even the profits of the company are less and the company must work hard towards decreasing its expenses or increase the sales of it. Dividend per share: This is the amount of the dividend that the company pays per share to its shareholders. Each shareholder expect something or the other on its investment. Hence, the more it is, the better it is for the company. Price earnings ratio: This is the ratio that is expressed between the earnings per share of the company and the market price of the share. Market price per share/earnings per share 12.53 (2.62) (0.69) (0.18) The data shows that the ratio has improved which makes it more viable for an investment for the investors and which must be improved more since it would end up in attracting more investors that could prove profitable for the company. Return on equity: ROE are the earnings that the company earns by investing the funds of the shareholders in the business. The more the return on equity, the better is the profitability of the business. It is arrived at by dividing the net income by the average of opening as well as the closing balance of the shareholders equity. Comprehensive Income/shareholders' equity 12.94% -60.73% -147.26% -52.79% The above shows that the net profit of the company has improved but even then there must be ways through which the net profits could be improved. The net profit that the company is getting after meeting all its expenses is coming out to be negative which shows either the expenses of the company are more or the sales of the company are too less that it is not able to cover its expenses. Hence, the company must look for the alternatives so that either the sales of the company could increase or the expenses of the company could be reduced. The sales could be increased by the way of offering discounts, advertising its products etc and the expenses could be decreased by the way of eliminating the expenses that are of no use and that are being incurred that are variable in nature. Return on net borrowing assets: The return on the net operating assets is the amount of the income which is generated when compared with the amount of the operating assets that are being used. The data used in the restated statements is very different. Operating income after tax (OI)/net operating assets (NOA) 8.974928896 9.068876444 5.636199402 3.944212204 The above shows that the return on the operating assets have improved which means that the return has improved but even then there must be more ways through which the returns must increase more. I feel that the return on the net borrowing assets must be so that it can be equal to the amount of the interest that is being paid on the borrowing assets of the company. Net borrowing cost: Net borrowing cost (N.B.C) is a ratio that tells us how much interest the business is paying for the borrowed capital it has used to purchase its assets. Net fin. expenses after tax/net financial obligations 33.09% 28.40% 53.16% 55.18% The net borrowing cost has decreased which is goods since the companys cost of interest on the borrowings has reduced which would in turn improve the amount of the net profits of the company. Profit margin: It is the ratio that is expressed between the net income that is earned by a company and the sales that are affected during that period (Boundless, 2016). It is arrived at by dividing the net income by sales. The above calculated net profit margin merely shows that the profitability of the company has though changed but still the company needs to work harder so that the company could earn more amounts of profits. The company was earning losses in the initial years under review but is now earning profits. The profit that the company is getting after meeting all its expenses is coming out to be negative which shows either the expenses of the company are more or the sales of the company are too less that it is not able to cover its expenses. Hence, the company must look for the alternatives so that either the sales of the company could increase or the expenses of the company could be reduced. The sales could be increased by the way of offering discounts, advertising its products etc and the expenses could be decreased by the way of eliminating the expenses that are of no use and that are being incurred that are variable in nature. Asset turnover: This is the ratio that signifies the ability of the company to generate the sales by using the assets of the company by the way of comparing the net sales with the average total assets (Accounting tools, 2016). Sales/net operating assets (NOA) 8.72 9.79 7.28 4.47 The date above shows that the ratio has improved which shows improvement in the way the company is using the assets of the company but more efforts must be made so that this is improved even further. Recommendations: For the ratio analysis: The ratios of the company shows an increase which shows efficiency on the part of the management and this merely indicates that the company is working hard in order to recover from the issues that it initially was facing. But even then, there must be more initiatives that must be undertaken by the company so that the company could improve some further. For NPV and IRR: The net present value of the company comes out to be positive with the rate of return to be 14%. The investment proposed to be undertaken shows a positive net present value for the company which shows that the investment could be undertaken. Also, since the net present value is positive, the product could be undertaken without any hassle. In case, the internal rate of return that is company wants comes tout to be 10% or less than 14%, then it would be wise for the company to accept the investment in this project since then the company would be in profit rather than being in losses. But I think that the net present value for the company in case it invests in the project is too less, if it could be more, then it would have been great. But even then if the company feels that this amount of return on that project is good, then the investment can be made in it without any hassles. References: Difference between Economic and Accounting Profit. (2016).Boundless. My Accounting Course. (2016).Asset Turnover Ratio | Analysis | Formula | Example. My Accounting Course. (2016).Equity Ratio | Formula | Analysis | Example.

Primates of Our Time an Example by

Primates of Our Time Exploitation of animals by science for testing newly-invented drugs has been the topic of debates all over the world, especially in Europe and the United States. Mankinds apparent granting, during the past decades, of some form of rights to animals only resulted in raising new questions to old problems, creating a great divide among our political leaders and among the scientists themselves. Apes in particular, being the genetically-closest animal to man, have recently been the cause of debates among the moralists of our society. Need essay sample on "Primates of Our Time" topic? We will write a custom essay sample specifically for you Proceed Undergraduates Frequently Tell EssayLab specialists: How much do I have to pay someone to write my essay in time? Essay writer professionals recommend: Follow Essaylab Writing Service Main Body In the United States alone, over 60,000 laboratory experiments are being done on primates yearly. While in Europe, despite the successful banning of experimentation on the great apes like gorillas, chimpanzees, and orangutans, 10,000 experiments yearly are still being done on marmosets and macaques, which Britain has the most with over 4,000 (McKie, 2008). With these staggering numbers of experiments done in the name of Medicine, it is not surprising for some scientists to have differing opinions. Against Among those who are for the total prevention of experimentation on primates, inhumane system and cruelty have been the main concern, especially with the case of the primates, easily one of the most intelligent creatures on our planet. In a report by Fund for the Replacement of Animals in Medical Experiments, or Frame, they stated that the excruciatingly painful procedure and the condition of a lifetime of medical operations make it unethical to pursue such studies for the sake of human illness (McKie, 2008). Two past incidents are being cited by Nicky Gordon, of Dr. Hadwen Trust for Humane Research, as examples of the need to put a stop to these types of experiments. One of which is the case with animal tests for cosmetics. Earlier allegations by some that no other alternatives exist other animal testing on cosmetics were proven false. After the implementation of its banning, the scientists were quick to find alternative means. Banning on the use of primates would result in the same conclusion, they attest (McKie, 2008). Another is the repeated laboratory findings that despite of malaria vaccines being tested successfully in primates, it has not resulted in humans developing immunity for the virus, thus putting all the exhaustive studies to waste. In Favor An Oxford neuroscientist, Tipu Aziz, is one of those in favor of the continued experimentation on primates. He explains that it was through this method that he learned of the correct way of driving electrodes into the brains of his patients suffering from Parkinsons disease, resulting in immediate relief for the patients (McKie, 2008). He further states that banning would force him to stop further and ongoing studies for the treatment of Alzheimers, motor neuron diseases, cardiovascular arrest, and many others (McKie, 2008). Professor Roger Morris, of Kings College London, seconds Aziz. He explains that the few experiments being done on primates are for the alleviation of human suffering. He cites as an example Parkinsons disease, where sacrificing a few thousand primates would greatly benefit hundreds of thousands of people suffering from this as well as their families (McKie, 2008). But perhaps their most authoritative ally is the European Commission itself. In its official response regarding this subject as reported by McKie, it stated that, Primate Research is unavoidable in developing treatments for auto-immune diseases such as multiple sclerosis, infections such as HIV or SARS, and neurological illness such as Alzheimers (2008). Making a Stand With the facts presented, along with a number of expert opinions clearly stated, the final decision seems to become a choice between preserving the animal rights of primates and reassuring the continuity of medical and clinical researches in finding a cure to mankinds lingering illnesses and often very much fatal forms of viruses. The choice is quite easy to make. Common psychological assumption which states that, the lowest ranking or the most demented human being is still worth much more morally than the smartest animal, would fit perfectly. Comparison holds true between an infant and a trained dog; or an insane man to a bobcat; or a former heavy weight champion suffering from Parkinsons to a youthful, muscle-bound gorilla, and so forth. We are witnesses even in religious tenets of this truth. Nowhere in all the Bibles of world religions will we find God, Jehovah, Allah, or even Zeus, allowing mankind to be martyrs of illnesses in place of animals. Perhaps what the social moralists of our time have been wanting is for the primates sufferings to be stopped, or lessened at the very least. If by amending a law that assures consistent growth of the primates population is the cause of all the commotion, then perhaps it is best to amend one. If by using ample dosages of anesthesia would be diminish the pain of both the primate being examined on the lab table and the humans clamoring for a change in the system, then it might be best to let them both have their way. After all, it is for the betterment of both species. Work Cited McKie, Robin. Ban on Primate Experiments Would be Devastating, Scientists Warn.